Policy

Nigeria’s inflation fell to 11.14% in July
Policy

Nigeria’s inflation fell to 11.14% in July

The statistics office of Africa’s largest economy, the National Bureau of Statistics that inflation in the month of July fell to 11.14 percent (year-on-year) in July 2018. The NBS said the data is 0.09 percent points less than the rate recorded in June 2018 (11.23) percent and represents an eighteenth […]

Bank of Ghana takes over five banks
Big Business Policy

Bank of Ghana takes over five banks

Ghana’s Central Bank, The Bank of Ghana said it has withdrawn the operating licenses of five lenders to prevent them from imminent collapse. The apex bank said the banks affected by the action are uniBank Ghana Limited, The Royal Bank Limited, Beige Bank Limited, Sovereign Bank Limited, and Construction Bank […]

CBN keeps interest rate at 14%
Big Business Policy

CBN keeps interest rate at 14%

Nigeria’s apex bank, the Central Bank of Nigeria, CBN, has kept the interest rate at 14%. The CBN’s monthly monetary policy committee which made the decision shortly said it is not reducing the rate due to various macroeconomic indices which showed that Nigeria’s economic recovery is still fragile. The incoming […]

How to put in for the 2018 NSE Essay Competition
Policy

How to put in for the 2018 NSE Essay Competition

The Nigerian Stock Exchange has just released guidelines for its 2018 NSE Essay Competition. The topic for the 2018 NSE Essay Competition is “Discuss how technology can promote financial literacy and encourage investment habit among youths?” The NSE said in a statement that the 2018 edition aims to bring the […]

Buhari to sign African free-trade agreement soon
Policy

Buhari to sign African free-trade agreement soon

President Muhammadu Buhari of Nigeria said he will soon sign the African free-trade agreement, AfTA. Nigeria’s President refused to sign the African free-trade agreement very close to the signing ceremony after the country raised concerns on the impact of the agreement on Nigeria’s domestic economy. President Buhari said in a […]